SECTION 4: STATEMENT OF WORK EXPERIENCE

Transcription

1 SECTION 4: STATEMENT OF WORK EXPERIENCE Curriculum Number: Curriculum Title: Tax Technician Learner Details Name: ID Number: Employer Details Company Name: Address: Supervisor Name: Work Telephone: Tax Technician Page 1 of 13

2 WM-01, Complete registration documents or register taxpayer online, L05, Cr21 WM-01-WE01 Register taxpayers Scope Work Experience Identify tax types applicable to the taxpayer WA0102 Register salaried individuals on e-filing WA0103 Register self-employed individuals on e-filing WA0104 Register incorporated entities on e-filing WA0105 Register VAT vendors on e-filing Supporting Evidence Manual proof of registatrations SE0102 E-filing proof of registrations 1 Client interaction protocols 2 Info required to register 3 Client confidentiality protocols 4 Access to IT 5 SARS protocols, forms and e- filing system Tax Technician Page 2 of 13

3 WM-02, Drafting, checking and classifying tax records and source documents, L05, Cr21 WM-02-WE01 Consult with client or representative to identify, sort and confirm source documents according to income, expenditure and provisions Scope Work Experience Relate source documents to the tax types registered for the taxpayer WA0102 Relate all documents to correct tax period/year WA0103 Analyse previous years' tax return to establish tax activities base of previous year WA0104 Probe all submitted documents to obtain complete set of records, identify missing sets of records, banking details, receipt books. WA0105 Summarise all submitted documents in a confirmation letter declaring all records have been submitted WA0106 Scrutinise source documents for validity as required by SARS regulations WA0107 Systematically sort and file source documents WA0108 Create a working paper file that cross references and indexes source documents to summary sheets Supporting Evidence Working paper file that cross references and indexes source documents to summary sheets and financials WM-02-WE02 Compile basic financial statements Scope Work Experience WA0201 Use correct accounting methods to record assets, liabilities, income, expenses and capital Tax Technician Page 3 of 13

4 WA0202 Follow correct process involved in the preparation of final accounts Supporting Evidence SE0201 Trial balance SE0202 Management accounts SE0203 Financial statements 1 Client interaction protocols 2 Info required to understand final accounts which form the basis for tax computations 3 Access to IT WM-03, Capture tax liability using relevant legal, accounting and tax principles, L06, Cr40 WM-03-WE01 Identify and capture inputs and outputs for a VATvendor Scope Work Experience Compute VAT payable / receivable Supporting Evidence VAT Control Account Tax Technician Page 4 of 13

5 SE0102 VAT Calculation SE0103 Completed VAT 201 WM-03-WE02 Capture income, expenses and provisions for an individual taxpayer and partnership Scope Work Experience WA0201 Establish gross income WA0202 Establish deductable expenses (general deductions and special allowances) WA0203 Establish exempt income WA0204 Establish other provisions WA0205 Establish existence of major assets disposals WA0206 Establish any lump sum receipts and or accruals WA0207 Distinguish between capital and revenue income WA0208 Scrutinise working paper to establish any income not reflected WA0209 Identify rebates applicable WA0210 Manually calculate the taxable income WA0211 Select appropriate tax rate from tables WA0212 Compute tax liability WA0213 Complete the other sections of the IT12 WA0214 Identify CGT implications Supporting Evidence SE0201 Completed IT12 for all the various taxpayers WM-03-WE03 Identify and capture payroll taxes Tax Technician Page 5 of 13

6 Scope Work Experience WA0301 Identify the obligations of the employer WA0302 Interpretation of wording in contracts of employment WA0303 Identify the structure of fringe benefits WA0304 Identification of independent contractors and personal service providers relationships WA0305 Compute the PAYE liability WA0306 Compute other employment-related taxes for example UIF & SDL Supporting Evidence SE0301 Completed EMP 201 SE0302 Completed EMP 501 WM-03-WE04 Capture income, expenses and provisions for a incorporated entity Scope Work Experience WA0401 Establish gross income WA0402 Establish deductable expenses (general deductions and special allowances) WA0403 Establish exempt income WA0404 Establish other provisions WA0405 Establish existence of major assets disposals WA0406 Distinguish between capital and revenue income WA0407 Scrutinise working paper to establish any income not reflected WA0408 Identify different sources of income Tax Technician Page 6 of 13

7 WA0409 Compute tax laibility WA0410 Identify CGT implications WA0411 Compute dividends tax WA0412 Complete the other sections of the ITR14 Supporting Evidence SE0401 Completed ITR14 1 Info required to calculate VAT payable / receivable 2 Binding Rulings and Directives 3 Access to IT 4 Salaried employer IRP5, IT3 & Tax Directive 5 Commission earner IT3 & tax directive 6 Sole Trader financial statements 7 Partner in partnership financial statements 8 Farmer's financial statements 9 Rental Income 10 Completion of questionaire, refering to dominant impression test Tax Technician Page 7 of 13

8 11 EMP201 & IRP 5 recon 13 Labour appointment contracts 14 Financial Statements 15 ITR WM-04, Submitting tax returns, L05, Cr10 WM-04-WE01 Submit tax returns Scope Work Experience Consultation with taxpayers WA0102 Determination of deadline for submission and schedule tax return completion accordingly WA0103 Compile submission pack, ensuring correct version of all supporting documents is accompanying the return WA0104 Manual submission - check all submitted documents with SARS official, obtain acknowledgment of receipt and file a copy of all returns for own records WA0105 Submission via e-filing - logon, complete and file the return. Print and file provisional assessment. Effect payment on e-filing. Regularly scrutinise e-filing for notices and take appropriate actions. Supporting Evidence All relevant returns as per different tax types Tax Technician Page 8 of 13

9 SE0102 Acknowledgement of submissions 1 All supporting documentation required to complete the returns 2 All relevant returns as per different tax types 3 Access to IT WM-05, Producing tax packs for tax review functions, L06, Cr21 WM-05-WE01 Compile tax packs for tax review Scope Work Experience List documentation that could be requested from taxpayer WA0102 Review according to industry norms applicable to specific entity WA0103 Review tax returns of salaried individuals WA0104 Review tax returns of self-employed individuals WA0105 Review income tax returns of incorporated entities WA0106 Review EMP returns Tax Technician Page 9 of 13

10 WA0107 Review VAT returns Supporting Evidence Business profile of taxpayer for use in internal process only SE0102 Calculations received and calculation done as part of the review SE0103 Formulated statement of suggested action or finding of review with which the supervisor concurs 1 Information on the client, covered by confidentiality agreement with learner WM-06, Analysing assessments, L06, Cr8 WM-06-WE01 Interpret assessments Scope Work Experience Confirm compliance with tax requirements for lodgements and returns WA0102 Compare and reconcile the tax return and tax calculation to the assessment WA0103 Identify any discrepencies, including interest and penalties Tax Technician Page 10 of 13

11 WA0104 Consult with taxpayer on most appropriate cause of action WA0105 Minute consultation with taxpayer, reflecting decisions taken by taxpayer and reasons for decision Supporting Evidence Reconciliation that compares the tax return and tax calculation 1 Tax return 2 Tax calculation 3 Assessment 4 Reconciliation WM-07, Participate in the ADR (objection only) process, L05, Cr8 WM-07-WE01 Complete ADR 1 / NOO form Scope Work Experience Complete ADR 1 / NOO form WA0102 Draft motivation in support of ADR and source supporting documentation Tax Technician Page 11 of 13

12 Supporting Evidence Completed ADR 1/NOO form and related motivation, but not submitted to SARS 1 Client information pertaining to elements to be considered for a dispute WM-08, Manage timesheets, L05, Cr8 WM-08-WE01 Administrate time sheets Scope Work Experience Complete Timesheets Supporting Evidence Completed Timesheets 1 Day-to-day activities Tax Technician Page 12 of 13

13 Tax Technician Page 13 of 13